REGISTERED NUMBER: 04959834 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

24-7 Drain Care Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr P Patrick

SECRETARY:

Mrs R Patrick

REGISTERED OFFICE:

Charwell House

Wilsom Road

Alton

Hampshire

GU34 2PP

REGISTERED NUMBER:

04959834 (England and Wales)

ACCOUNTANTS:

LCP Accounting LLP

16a The Parade

Yateley

Hampshire

GU46 7UN

FIXED ASSETS

Tangible assets

2

31,421

10,941

CURRENT ASSETS

Debtors

92,181

85,762

Cash at bank

17,696

7,900

109,877

93,662

CREDITORS

Amounts falling due within one year

66,642

93,489

NET CURRENT ASSETS

43,235

173

TOTAL ASSETS LESS CURRENT LIABILITIES

74,656

11,114

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

74,654

11,112

SHAREHOLDERS' FUNDS

74,656

11,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 September 2015 and were signed by:

Mr P Patrick - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

37,308

Additions

27,296

At 31 December 2014

64,604

DEPRECIATION

At 1 January 2014

26,367

Charge for year

6,816

At 31 December 2014

33,183

NET BOOK VALUE

At 31 December 2014

31,421

At 31 December 2013

10,941

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2014 and

31 December 2013:

31.12.14

31.12.13

£

£

Mr P Patrick

Balance outstanding at start of year

19,398

-

Amounts advanced

16,781

19,398

Amounts repaid

-

-

Balance outstanding at end of year

36,179

19,398

5.	POST BALANCE SHEET EVENTS

The Company is currently in the process of agreeing a Company Voluntary Arrangement (CVA), the final value

of the CVA is still in dispute, the estimated indebtedness as at 19th January 2015 totals £24,353. The amount

disclosed as at 31st December 2014 totals £21,625. In addition to this the Accounts include an accrual of £5,800

in relation to anticipated penalties.